With fewer cars being produced and sold, automotive suppliers face the same challenges as automakers. Italy's Brembo, producer of some of the most delectable braking hardware, will be laying off more than 1,800 workers to cope with a fourth quarter loss. The cuts will more closely align Brembo's production with newly decreased demand, and will affect workers at Brembo's locations in Italy, Mexico, and Poland. There is a government/industry fund that Brembo wishes to tap to help pay for the layoffs, though the cuts may be for a longer term than "temporary" implies. Brembo's orders have fallen drastically, and signs of recovery have yet to materialize.
[Source: Automotive News - Sub. Req.]